Page 2953 - Markets News

Ashoka Buildcon Q4 net jumps 51% to Rs 1.05 bn, revenue up 11% to Rs 7.5 bn

Total expenses reduced to Rs 5472.7 million during the quarter against Rs 5737.7 million in the same quarter of 2016-17

Infosys concludes acquisition of US based Wongdoody at $75 million

It added the transaction will also help Infosys further expand its worldwide network of digital studios

MARKET WRAP: Indices end flat ahead of May F&O expiry; Nifty holds 10,600

Markets declined tracking broader Asia as investors trimmed exposure to riskier assets amid a political crisis in Italy

SGX-NSE row: Why GIFT in PM Modi's backyard makes no sense ahead of Mumbai

SGX was asked by the Bombay HC on Tuesday to suspend the June 4 start of its new India equity derivatives and try to settle its dispute with NSE via arbitration

Manpasand Beverages remains under pressure; stock plunges 42% in 3-days

The stock hit fresh 52-week low of Rs 248 today, tanked 42% in past three trading days from Rs 431 after the Deloitte Haskins and Sells resigned as auditor of the company with effect from May 26, 2018

Weizmann Forex falls 20%; board to meet Monday to consider share buyback

The stock is locked in lower circuit of 20% at Rs 683 on the BSE, tanked 52% thus far in the calendar year 2018.

Graphite India nears new high in weak market;stock up 22% post Q4 results

The stock was trading 3% higher at Rs 891, extending its 6% gain in past three days on the BSE in otherwise weak market, inching towards its all-time high price of Rs 908 touched on January 4, 2018.

Dilip Buildcon slips 14% post Q4 results

The stock slipped 14% to Rs 901 on the BSE in intra-day trade after the company reported 11% YoY growth in its consolidated net profit at Rs 2.18 billion in March 2018 quarter.

Glenmark Pharma hits 52-week low on subdued Q4 results

The stock hit a fresh 52-week low of Rs 484, slipped 9% on the BSE in early morning trade, after the company reported 17% decline in its consolidated net profit at Rs 1.52 billion in March quarter.

Merck hits record high; stock zooms 18%

The stock hit new high of Rs 2,369, rallied 57% from Rs 1,510 since April 19, after P&G Overseas India makes mandatory open offer to acquire 26% stake in the company at price of Rs 1,500.36 per share.

M&M hits new high on strong Q4 results

The stock hit a new high of Rs 895, up 3%, extending its 2.2% gain on Tuesday on the BSE in otherwise weak market.

Ranbaxy Lab slips on disappointing Q1 earnings

Q1 consolidated profit decline 90% year-on-year at Rs 126 crore due to the base effect.

Select pharma stocks fall, Ranbaxy dips 6%

Lupin, GSK Consumer Healthcare, Venus Remedies and Elder Pharma are down 5% each on BSE.

RBI monetary policy: Four charts show markets are preparing for a rate hike

Reserve Bank of India hasn't tinkered with rates since August, and even cut inflation projections last month, raising expectations that borrowing costs would remain on hold

Nifty outlook and top trading ideas from Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.

Top trading ideas by HDFC Securities: Buy Dabur India, Indian Hotels

Nifty outlook and top trading ideas by Vinay Rajani, Technical Analyst, HDFC Securities.

Why the price of the Indian crude basket is sticky

The Indian benchmark remained static in its last closing on May 28, while Brent prices dropped further to $75.71 a barrel

India's biggest competitors to Walmart and Amazon? Mom and Pop

As Walmart and Amazon sink billions into e-commerce in India, they might be overlooking a tough rival on every corner

Sensex halts 3-day winning run; banks, healthcare drag

The BSE gauge touched a low of 34,922.18 in intra-day

Why mutual fund managers are betting on information technology stocks

The latest round of outperformance of IT stocks comes after lackluster returns between 2014 and 2017 amid slowdown in revenue growth